49Scaling factor for rent

#### 49 Scaling factor for rent 49 Scaling factor for rent > > (1) This clause provides for the scaling factor referred to in clauses 45–48 for the financial year commencing on 1 July 2017 and for each subsequent financial year. > > > (2) The scaling factor for the financial year commencing on 1 July 2017 is 1.16. > > > (3) The scaling factor for each subsequent financial year is to be the scaling factor for the immediately preceding financial year plus half the CPI movement. > > > > Note. > > > > This formula will result in a reduction in the scaling factor in the case of a downward CPI movement. > > > (4) The CPI movement is to be calculated as follows— > > > > %20AND%20(No%3D0088)%20AND%20(Year%3D2018)%20AND%20(%22Historical%20Document%22%3D0))/g6.gif) > > where— > > > > C1 represents the CPI for the December quarter for the calendar year immediately preceding the financial year for which the scaling factor is to be determined. > > > > C2 represents the CPI for the December quarter for the calendar year immediately preceding the calendar year referred to in the definition of C1. > > > (5) In this clause— > > > > CPI means the index known as the Weighted Average of Eight Capital Cities: All Groups Consumer Price Index that is published quarterly by the Australian Statistician.